Baton brings nostro balances, CCP and carry broker margin requirements, pledged collateral and excess/deficit positions into a single near-real-time view across 100+ accounts, supporting faster funding decisions as G.H. Financials scales its global clearing business to meet client demand.
Key Facts:
- G.H. Financials, the independent clearing partner for professional traders, is now live with Baton Systems' intraday liquidity management platform across 100+ nostro, CCP and carry broker accounts spanning 17 currencies, multiple legal entities, account providers and time zones.
- Baton’s interoperable Balance Manager and Exposure Manager capabilities bring together cash balances, initial and variation margin requirements, collateral on deposit and excess/deficit positions at CCPs and carry brokers in a single near real-time view - consolidating data that has historically required aggregation across separate systems.
- Key account connectivity and visibility were established within eight weeks of the project’s commencement.
G.H. Financials, the independent clearing partner for professional traders processing over 800 million futures contracts annually, is now live with Baton Systems' intraday liquidity management platform. The deployment brings together Baton’s Balance Manager and Exposure Manager capabilities to provide a single, near-real-time view of cash balances, margin requirements and collateral on deposit across more than 100 nostro, CCP and carry broker accounts.
The platform provides teams across G.H. Financials with a unified and accurate view of where funds are held, where margin obligations exist and whether pledged collateral is sufficient at each venue. By combining nostro positions with CCP and carry broker exposure data in one integrated interface, funding decisions across multiple currencies, legal entities and time zones can be made with greater speed and confidence. Built to expand incrementally, the platform has been designed to scale as G.H. Financials adds new venues and flows to its clearing business.
A single continuous view across all margin and cash positions
Previously, reconciling cash positions against margin obligations across CCPs and carry brokers has required aggregation across multiple systems and reporting cycles. Baton’s platform replaces that process with a single continuous view incorporating initial margin (IM) requirements, variation margin (VM) positions, collateral on deposit and any excess or deficit against pledged collateral at each CCP and carry broker. Every data point is time-stamped and updated as each venue makes new information available, regardless of reporting cycle or cut-off window, with historical intraday and end-of-day data available on demand to support liquidity forecasting and stress testing.
The platform also extracts and exposes highly granular balance and transaction information directly from Swift messages. This advanced visibility allows G.H. Financials to monitor and trace individual payments and receipts with total precision, enriched by real-time status alerts.
Modular architecture built to scale across currencies, legal entities and new flows
As institutional workflows evolve to incorporate tokenised assets alongside traditional instruments, the demands on liquidity and settlement infrastructure will only intensify. Funds will need to move across additional venues, in more currencies and on tighter timescales 24/7. The deployment positions G.H. Financials to meet the demands of the emerging hybrid market without rebuilding existing systems.
By using Baton to precisely monitor margin requirements and collateral across 17 currencies in near-real-time, G.H. Financials fundamentally insulates its clients from out-of-hours liquidity crunches and ensures that their global market access remains completely frictionless.
Commenting on this announcement, Kieran O'Regan, Chief Financial Officer, G.H. Financials said:
“We made a deliberate decision to invest in infrastructure that would give us a genuine competitive advantage as we scale. This was a highly collaborative effort between G.H. Financials and Baton, and it was a pleasure to work with a team that understood both the operational complexity of our business and the outcomes we needed to achieve. Having a consolidated, near real-time view of our cash positions and margin requirements across every account, currency and legal entity has significantly improved our liquidity management. We can now make confident funding decisions faster and more accurately anticipate and proactively address upcoming liquidity needs. Baton delivered those capabilities quickly, built in a way that will support our expanding business.”
Arjun Jayaram, Founder and CEO, Baton Systems added:
"The data fragmentation problem does not get easier as you scale, it gets harder. The solution we delivered to G.H. Financials uses the same core institutional-grade infrastructure we deploy at G-SIBs, extended to meet the needs of a non-bank FCM operating at serious scale. It’s not just a solution built to address a current operational challenge, but a critical capability that clearers of all sizes will need to take advantage of the opportunities presented by institutional adoption of tokenised collateral, the use of agentic AI in treasury management and always-on markets.”
